Slashdot Mirror

← Back to Stories (view on slashdot.org)

PayPal Announces Intent To IPO

Posted by ryuzaki0 on from the get-while-it's-good dept.

seek31337 was the first to write to us with the word-direct-from-the-mouth that PayPal has announced its intention to IPO. Not much other details, but interesting nonetheless.

6 of 180 comments (clear)

  1. Also for the employees by GregGardner · · Score: 4, Informative

    You forgot another reason why companies go public. To appease and put the "golden handcuffs" on the employees, not to mention trying to attract top-notch potential employees. Having worked for several dot-coms in the last few years I can say that there isn't that much company loyalty out there. Many employees stay at companies hoping to make a lot of money off of their stock options.

    Now in the last year, a lot of this has changed and more people are sticking around at companies for fear of not getting another job, but there are still a lot of people out there hoping to "strike it rich" off of stock options and you never will without going public.

    Also, at one company that I was at that was on the verge of an IPO increased head count by 30-40% two weeks prior to the IPO. This was a few years ago when finding good employees was quite a battle. Again, probably not as much of a concern for companies these days.

  2. Re:Didn't know... by Cuthalion · · Score: 2, Informative

    They also have a large amount of money floating around in their system earning THEM interest.

    --
    Trees can't go dancing
    So do them a big favor
    Pretend dancing stinks!
  3. Re:Well run, good people, a business model that wo by OmegaDan · · Score: 5, Informative
    Wrong wrong and WRONG! Many of my friends have been ripped off by paypal. Paypal is a security disaster, and when you are ripped off, they won't be interested in helping you.

    http://www.consumeraffairs.com/online/paypal.htm l

    http://www.salon.com/tech/feature/2001/02/23/pay _p al/

    Paypal victim site: http://chips.dyndns.org/~xcomvic/

    http://www.zdnet.com/zdnn/stories/news/0,4586,26 05 840,00.html

    etc etc etc ... One scam goes like this : The victim sells an item, are paid via paypal -- they ship the item, once the scam artists has recieved it, they can force the CC company to reverse the charge because theres no signature ... Paypal is debited the money, and paypal *TAKES THE MONEY FROM YOUR BANK ACCOUNT* without your authorization. A buddy off mine lost 350$ AND his DX7 keyboard this way ... fuck that

    --
    Free Techno/Jazz/DNB/MI Music by guys obsessed with monkeys!
  4. PayPal is feeling the Breeze by friday2k · · Score: 5, Informative

    Please folks, before you get over exited, I would consider that there is some panic on PayPals side involved in going for IPO, getting new capital in and expand RAPIDLY before others catch up. PayPal used to be pretty unique and the banks (even if Deutsche Bank was one of the original investors), especially big banking, pretty much stayed away from them. Why did the banks do that? They thought a technology driven company like Paypal (and DigiCash (today known as eCash Technologies), CyberCash(aquired by VeriSign and others), GlobeSET(acquired by Trintech) and many more ...) never posed a threat to the big banks. Then Paypal started to do something you shall not do . Disintermediate the banks. Now the banks think, wow, they are stealing customers from us. So there are various new initiatives on their way. Visa 3-D Secure ( See here), which is _first_ aimed to eliminate consumer fraud but has extensions in the protocol for later P2P use, NACHA has several initiatives on the way: ISAP which is again _first_ an internet payment protocol but will carry into P2P later, Project Action which will aim directly at the eBay Payments of PayPal. So they are afraid. They are afraid for a good reason. They need money to compete (and, according to rumours they are pretty much running out of it). So an IPO is a logical step. Maybe they will even make it in these difficult times ...

  5. Re:Well run, good people, a business model that wo by dhovis · · Score: 2, Informative
    You know your articles are a bit out of date.

    There are good ways to protect yourself on Paypal. One is to make sure that you only deal with people who have verified accounts. This means that they have linked a bank account to their Paypal account and (presumably) can be traced. In fact, if you pay someone for an eBay auction with Paypal AND they don't send the goods you can get up to $200 from eBay and $200 from Paypal.

    Look here for up-to-date information on Paypal's fraud policy.

    --

    --
    The internet is the greatest source of biased information in the history of mankind.

  6. Paypal has will cover up to $5000 a year... by Anonymous Coward · · Score: 1, Informative

    Paypal covers up to $5000 a year on "chargebacks". YOu need to ship to a confirmed address (US only then) and use a shipping service that is traceable (UPS Ground will do). There is a list to follow to ensure you're covered (as a seller). I don't know if this applies to the personal accounts, but anyone can apply for the premier account and get the sme coverage.